broadening channel pattern In this broadening channel pattern , if we take entry at bottom then we can expect a good RR ratio.
Stop loss just below the pattern that is around 3%.
If not happen like indicate in chart and a bearish engulfing candle breach the pattern then take your stop loss .
if happen then it is a really good trade out there.
Due to sharp fall it may consolidate at bottom then start north side.
INFY trade ideas
INFOSYS Ready for bull run after a major Support ReversalNSE:INFY was making higher high from past 6 Months and taking support around 1650. Now after a continuous sharp fall from 1950 from last 2 weeks now It has touched 1650 and again took a support and given a Quick Reversal now from here at 1700 we can go long with at least 50% Qty and rest can be added on retest and target can be should be 1950 and a resistance can be seen at 1800. I have already took the entry with a very small SL of 50 points for Risk Reward of 1:5
ENTRY :- 1690
SL :- 1645 - 1650
TARGET :- 1800, 1950 & Above
LIKE | FOLLOW | COMMENT
InfosysBuy @ 1688
Stop Loss @ 1665
Upside Target @ 1800 then 1950
Technical:- On the daily chart stock formed an inverted hammer, this is a trend reversal chart pattern. So if you are interested you can buy this stock for 2 months prospective. I'm also invested in this stock.
Disclaimer:- Before taking any position do your own analysis and consult your financial adviser.
infosys coming to its supportHello evevry
one so today infosys is comming to its major support . infosys is a good stock its fundamentals are good and furure is bright and due to market crashes its easily availabel on cheap rates this stock will be a value buying at 1600 and bellow level .
This is mine own research do yours as well
My research and opinions should not be consider as an advice or tip
Thanks for now
INFYWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
INFOSYS LTD All analysis has been given on charts itself.
The stock has been bouncing from the support Level, hence the stock may bounce back from there again. Hence Trades must be taken only above suggested levels of 1855 i.e Confirmation Level.
Upcoming Target: 1920 and 1942.
Feel free to share your feedback and queries.
INFY - Possible Rebound in the coming week ?Key highlights:
1. Approaching 2 day demand zone
2. Bullish market structure on HTF
3. Continuous support from 200 MA in the recent past
4. Just in the flip zone
5. Psychological level of 1800
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst